SRM Energy Ltd. (formerly known as Hitkari Fibres Ltd.), a BSE
listed company and a part of the Spice Energy Group, has embarked on implementing
a total of 4,000 MW of power generating capacity in India.

To facilitate faster fund raising and resource mobilization, the Group has taken
over Hitkari Fibres Limited, a company listed on Mumbai Stock Exchange and
merged the Special Purpose Vehicle formed for implementing power projects - SRM
Energy Private Ltd. with Hitkari Fibres Ltd., and the merged entity has been named
as 'SRM Energy Ltd.'

15-03-2019The Board of Directors and its committee in their respective meetings held on 15th march, 2019 has consented for the Re-designation of Ms. Tanu Agarwal, (a Woman Director) bearing DIN: 07134266, from her current position of Non-Executive Director of the Company to the new position of Non-Executive and Independent Director, subject to the necessary approval of shareholders to be obtained w.r.t. the aforesaid designation as well as the tenure of her appointment.

15-03-2019In the meeting of the Board of Directors and its Committee held on 15th March, 2019 Mr. Vijay Kumar Sharma (DIN: 03272034) has been appointed as Additional Director of the Company (in the category of Non-Executive and Non-Independent), subject to passing of necessary resolution by the Shareholders of the Company in ensuing general meeting.

02-11-2018In the meeting of the Board of Directors and its Committees held on 02nd November, 2018, the Company has identified and appointed Mr. Suvindra Kumar as the Company Secretary & Compliance Officer and KMP of the Company to take the position with immediate effect.

02-11-2018In the meeting of the Board of Directors and its Committees held on 02nd November, 2018, Mr. Raman Kumar Mallick, working as Accounts Manager of the Company, is being designated and appointed as the Chief Financial Officer of the Company with immediate effect.

30-09-2018Mr. Bhupender Sharma has resigned from the position of Chief Financial Officer (CFO) and KMP of the Company. His Resignation has been accepted and he has been relieved from his duties from the end of working hours on 30th September, 2018. The Company is in process to identify and appoint a suitable candidate for the aforesaid vacant position.